Steel scrap No2 bundles, consumer buying price, fob Montreal, Canadian $/net ton

Renewed US-China trade tensions with Donald Trump’s second presidential term could bolster Southeast Asia’s aluminium scrap industry in 2025, particularly amid still-growing Chinese demand, sources told Fastmarkets by Tuesday, January 14.

European steel and aluminium producers have urged the European Commission to take immediate and effective action to tackle "scrap leakage" so that the European Union can meet its sustainable development aims and secure industrial competitiveness.

Fastmarkets has corrected several ferrous metal weekly averages, which were published incorrectly on December 28.